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Dec, Feb & Apr Lean Hogs Dropped



August Live Cattle settled Tuesday at $178.05. The 5 day average negotiated steer price is $184.91.  There have been no deliveries for August Live Cattle. A few cattle were sold in Iowa/MN on Wednesday.  Steer prices at 185.00 with a couple loads of heifers at 186.00. Dressed price was 292.00 on light sales. Movement wasn’t big. Looks like feedlots starting to move cattle in the grain/feeder feedlots as producers start moving cattle and cleaning lots before harvest.  Weights were not heavy.

Hogs in a row


December, February, and April Lean Hogs dropped into prices made on Mon, May 30th the day after hogs bottomed on May 26th.   Pork prices are falling and fast.  A week ago the daily pork carcass price was 107.27.  Wednesday it was down to 100.79. A week ago the 5 day pork carcass was 109.61 and now at 104.72.  A week ago bellies on the 5 day average was 201.95 and now 184.12. Hams are down 7.82 with the 5 day average at 89.54 and the daily price at 84.71.

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